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Tax credit advice
I'm really excited about buying an electric car with the Build Back Better bill that's working its way through Congress now. The problem is that my house is super old and only has a 110 Amp breaker box installed. I don't want my car to trip the circuit every time I plug it in so I've definitely got to upgrade. My question is, can I use the 30% Federal Tax Credit for Federal EV Equipment to upgrade my home electrical amperage? Reading the IRS Form 8911, it sounds like I'm able to because it would have a circuit used exclusively for charging the car. If anyone here can give advice on this I'd really appreciate it. This is the only thing holding me back from buying an EV.
‎November 8, 2021
12:55 PM